TPG related stories
All articles and analysis
Starwood-led consortium in $905m Extended Stay recap bidExtended Stay’s board has backed Starwood, TPG and Five Mile's offer, saying it would value the bankrupt company at $3.9bn. Starwood will invest 50% of the new equity, with TPG and Five Mile splitting the remainder.
- Blackstone invests $4bn in real estate in past year
Despite some fears that transactions in 2011 will be “tougher” to find than 2010, Blackstone expects deal flow to increase in the coming 12 months as banks earn their way to health and start dealing with their balance sheets.
- TPG in final bidding for ING REIM
KKR, Vornado have bowed out of the running to buy the real estate investment management platform, as TPG, CBRE, Jones Lang LaSalle and Ares Capital Management make it through to the final round of bidding.
- Surprise at the finish
The race for ING REIM nears a conclusion with TPG, CBRE, Jones Lang LaSalle and Ares Capital Management all submitting final bids. Some of the finalists, though, have come as a surprise to the industry.
- Apax beats Blackstone Real Estate
It was a case of clash of the titans on Wednesday night as Apax contested the final of the Private Equity Foundation Annual Football Tournament in London with Blackstone Real Estate. The event raised £56,000 for charity
- Report: Advantage Partners seeks partner for Tokyo Star
The buyout firm, which took the Japanese bank private in 2008, is reportedly looking for an additional investor to come on board. The capital could be used to ease debt repayments, sources told Reuters.
- PE firms to pay income tax on Australian asset gains
The Australian Tax Office has finally ruled on an issue which arose following a dispute with TPG over taxes payable on the returns from the IPO of Myer Group in October 2009.
- Carlyle, TPG pip KKR with $2.3bn Healthscope bid
The bidding war for the Australian hospital chain has concluded, giving rise to the country's largest LBO in two years.
- Blackstone withdraws from Healthscope bid
Less than a month after CVC pulled out from a rival consortium bidding for the Australian healthcare chain, Blackstone has withdrawn from a consortium including TPG and Carlyle.
- CVC pulls out of $1.5bn joint bid for Healthscope
KKR is now bidding alone for the Australian hospital operator against a powerhouse trio comprising of Blackstone, TPG and Carlyle.